XRP Rockets 74% in Volume as Crypto Market Faces $2.58 Billion Crash

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News XRP has seen its trading volume jump over 74% as the broader crypto market fell significantly in early Sunday trading. Advertisement The crypto market extended its weekend slide, with losses broadening across most digital assets and futures liquidations piling up. Over $2.58 billion in positions were liquidated over 24 hours, according to CoinGlass data , as a weekend sell-off extended in the crypto market, with 414,491 traders affected. XRP saw more than $40 million in liquidation as its price fell. HOT Stories Leaked Email to Epstein Framed XRP Supporters as Enemy, Ex-Ripple CTO Says Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000 U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume Long positions accounted for the majority of liquidations, coming in at $2.27 billion, with shorts accounting for only $171 million. This imbalance points to traders being caught unawares, staying optimistic about a rebound after weeks of range-bound price action in the markets. Advertisement You Might Also Like Sat, 01/31/2026 - 12:32 XRP OI Rises 3% as Price Gears Up for Rebound By Dan Burgin Thin weekend liquidity increased selling pressure as trading volumes declined, a setup that might boost volatility. XRP trading volume likewise fell, but has recovered early Sunday. XRP's trading volume came in at $6.49 billion, a 74% increase in the last 24 hours, according to CoinMarketCap data. Advertisement XRP price drops XRP fell for four straight days from Jan. 28 to hit a low of $1.5 on Jan. 31. The significance of this low is that it occurs near XRP's realized price. The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April 2022. 📉 https://t.co/AndYLGOE7w?from=article-links https://t.co/JwVlEbGrdR?from=article-links pic.twitter.com/QyDb54RuIE — glassnode (@glassnode) February 1, 2026 XRP's realized price currently sits at $1.48, according to Glassnode , with the price hinting at a familiar setup seen in April 2022. A little hope remains as XRP still holds above its realized price as the market hints at an ongoing reset. The thin liquidity hanging over the market alongside risk appetite waning might suggest more of a reset. According to Scott Melkel, XRP is trading exactly at the last meaningful support on the chart before a huge air pocket, which makes this particular moment crucial to watch for XRP's price . Meanwhile, RSI indicators are now at oversold levels, below 30, hinting at the possibility of a relief rally in the coming sessions. #XRP News #XRP #XRP Price Prediction